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Alan Raises Another $193 Million For Its Medical One-Stop Shop Startup

PRIVATEMay 05, 2022•about 4 years ago

Amount Raised

$193 Million

Description

French startup Alan has raised a new €183 million funding round ($193 million at today’s exchange rate). The company sells its own health insurance products and has expanded to other medical products and services. In other words, Alan wants to build a healthcare super app and a one-stop shop for all your questions and needs when it comes to your health.

Company Information

Company

Alan

About

The company sells its own health insurance products and has expanded to other medical products and services. Existing investors are also participating in this new round, such as Temasek, Index Ventures, Coatue, Ribbit Capital, Exor, Dragoneer and Lakestar.Today’s round is a Series E round and it comes just a year after the startup raised its €185 million Series D. The company can now sign up clients of all sizes and from all industries. And the company has managed to attract 300,000 members so far across 15,000 companies. The company is also working with general practitioners so that they can answer your questions from a chat interface. The company is going to shut down Alan Baby in the coming weeks. The company provides exercises and content. Some companies subscribe to Alan Mind exclusively. It will require 3 million members, but the startup also plans to hire 1,000 people by then. The company currently operates in France, Belgium and Spain. Alan now says it generates an annualized revenue of €200 million. While Alan has ambitious goals, it currently has a tiny market share.

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